Builders FirstSource (NYSE:BLDR) Stock Price Expected to Rise, Stephens Analyst Says

Builders FirstSource (NYSE:BLDR) had its price target lifted by equities researchers at Stephens from $178.00 to $200.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target suggests a potential upside of 13.03% from the stock’s current price.

Several other equities analysts have also issued reports on BLDR. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Benchmark reduced their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. DA Davidson increased their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays upped their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, B. Riley cut their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Price Performance

BLDR stock traded up $0.17 during mid-day trading on Thursday, hitting $176.95. The stock had a trading volume of 799,797 shares, compared to its average volume of 1,574,082. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $20.61 billion, a P/E ratio of 15.52, a P/E/G ratio of 10.15 and a beta of 2.08. The firm has a fifty day simple moving average of $184.58 and a 200 day simple moving average of $168.44. Builders FirstSource has a 52 week low of $120.80 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $4.24 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, research analysts forecast that Builders FirstSource will post 11.69 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Builders FirstSource

Several hedge funds have recently added to or reduced their stakes in BLDR. Swiss National Bank increased its stake in Builders FirstSource by 0.4% in the third quarter. Swiss National Bank now owns 362,287 shares of the company’s stock valued at $70,233,000 after purchasing an additional 1,300 shares during the last quarter. Peterson Financial Group Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at $71,000. Mutual of America Capital Management LLC increased its holdings in shares of Builders FirstSource by 3.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 44,776 shares of the company’s stock valued at $8,680,000 after acquiring an additional 1,546 shares during the last quarter. Seizert Capital Partners LLC raised its stake in Builders FirstSource by 23.6% during the third quarter. Seizert Capital Partners LLC now owns 214,348 shares of the company’s stock worth $41,554,000 after acquiring an additional 40,976 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Builders FirstSource by 47.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 188,385 shares of the company’s stock valued at $36,521,000 after buying an additional 60,955 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.